Polaris (Mexico) Market Value
| PII Stock | MXN 1,575 0.00 0.00% |
| Symbol | Polaris |
Polaris 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Polaris' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Polaris.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Polaris on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Polaris or generate 0.0% return on investment in Polaris over 30 days. Polaris is related to or competes with Southwest Airlines, Samsung Electronics, McEwen Mining, Genworth Financial, UnitedHealth Group, Ameriprise Financial, and Cognizant Technology. Polaris Industries Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide More
Polaris Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Polaris' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Polaris upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.21) | |||
| Maximum Drawdown | 0.8381 |
Polaris Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polaris' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polaris' standard deviation. In reality, there are many statistical measures that can use Polaris historical prices to predict the future Polaris' volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.11) |
Polaris Backtested Returns
We have found sixteen technical indicators for Polaris, which you can use to evaluate the volatility of the company. Please check Polaris' Risk Adjusted Performance of 0.03, variance of 0.0106, and Coefficient Of Variation of 812.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The company holds a Beta of -0.0253, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Polaris are expected to decrease at a much lower rate. During the bear market, Polaris is likely to outperform the market. Polaris right now holds a risk of 0.0%. Please check Polaris maximum drawdown, as well as the relationship between the kurtosis and day median price , to decide if Polaris will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Polaris has no correlation between past and present. Overlapping area represents the amount of predictability between Polaris time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Polaris price movement. The serial correlation of 0.0 indicates that just 0.0% of current Polaris price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Polaris lagged returns against current returns
Autocorrelation, which is Polaris stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Polaris' stock expected returns. We can calculate the autocorrelation of Polaris returns to help us make a trade decision. For example, suppose you find that Polaris has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Polaris regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Polaris stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polaris stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polaris stock over time.
Current vs Lagged Prices |
| Timeline |
Polaris Lagged Returns
When evaluating Polaris' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polaris stock have on its future price. Polaris autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Polaris autocorrelation shows the relationship between Polaris stock current value and its past values and can show if there is a momentum factor associated with investing in Polaris.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Polaris Stock Analysis
When running Polaris' price analysis, check to measure Polaris' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Polaris is operating at the current time. Most of Polaris' value examination focuses on studying past and present price action to predict the probability of Polaris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polaris' price. Additionally, you may evaluate how the addition of Polaris to your portfolios can decrease your overall portfolio volatility.